NOT LISTED FOR SALE

2111 E Bermuda St Long Beach, CA 90814

North Alamitos Beach Neighborhood
3 Beds
2 Baths
6,383 Sq Ft
6,098 Sq Ft Lot

Last Sold November 18, 2020

Last sale price $3,775,000 $591 Per Sq Ft

73 Days on Market

About This Home

As of November 2020

We are pleased to present a completely remodeled 9-unit apartment building located in the Bluff Heights area of Long Beach, California. Built in 1959, the subject property consists of 6,383 rentable square feet spread throughout a 6,506 square foot lot. The unit mix consists of two 2 bedroom / 1 bathroom units and seven 1 bedroom / 1 bathroom units. There are 6 garages for tenants’ convenience and also used to generate income for the owner. It is separately metered for gas and electricity which helps keep expenses to a minimum. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean and Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 09/01/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,098 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • 6,383 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 10 / 1
  • Tax Tract Number 3
  • Assessor Parcel Number 7263005026

Community Details

Overview

  • 9 Units
  • Alamitos Beach Subdivision

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,350
  • Fuel Expense $1,350
  • Gardener Expense $1,200
  • Insurance Expense $2,553
  • Maintenance Expense $5,850
  • Other Expense $2,250
  • Professional Management Expense $12,828
  • Trash Expense $1,350
  • Water Sewer Expense $1,350
  • New Taxes Expense $49,375
  • Operating Expense $79,456
  • Gross Income $237,360
  • Net Operating Income $169,983

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 12828.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1350.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7263005026
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 591.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer, Septic Type Unknown, Unknown
  • Trash Expense: 1350.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6098.40
  • Lot Size Acres: 0.1400

Multi Family

  • Electric Expense: 1350.00
  • Fuel Expense: 1350.00
  • Garage Income: 19200.00
  • Gross Income: 237360.00
  • Gross Scheduled Income: 249439.00
  • Insurance Expense: 2553.00
  • Lot Size Area: 0.1400 Acres
  • Maintenance Expense: 5850.00
  • Net Operating Income: 169983.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 79456.00
  • Other Expense: 2250.00
  • Other Expense Description: Misc
  • Other Income Description: Storage
  • Rent Control: No
  • Total Actual Rent: 237360.00
  • Total Expenses: 79456.00

Tax Info

  • New Taxes Expense: 49375.00
  • Tax Block: 1
  • Tax Census Tract: 5768.01
  • Tax Lot: 10
  • Tax Tract Number: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2020 11/18/20 Sold $3,775,000 -4.4% $591 / Sq Ft
11/13/2020 11/13/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $3,950,000 -- $619 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2020

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    7 in this area

    42 Total Sales

    Kevin King
    Section Image

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    6,174 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20180940

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90814 North Alamitos Beach

2111 E Bermuda St, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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